10 Psychology Lessons I Learned from 22 years of Value Investing

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Value Investing with Sven Carlin, Ph.D.

Күн бұрын

When it comes to investing, it is mind first, numbers second. Here are 10 things a value investor needs to have settled with himself to be a good wealth compounder over time.
Value Investing 101 - • 8 Value Investing Conc...
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0:00 Value Investing Mindset
0:59 Improves Life
3:31 Patience
5:51 Ugly Times
7:27 Stock Prices
8:34 Business Reward
9:39 Chasing
13:42 Swinging
14:31 Getting Rich
16:23 Knowledge
17:30 Goals

Пікірлер: 137

@spurgunisti8294 25 күн бұрын

Fantastic video, forwarded it. I honestly think you have one of the best investment channels on youtube. No hype, no shortsightedness, pure valuable lesson.

@Value-Investing 25 күн бұрын

Wow, thanks!

@joegriffiths1991 25 күн бұрын

Agreed

@brandonhooper7748 13 күн бұрын

He does.

@afonsodeportugal 25 күн бұрын

For me, the most impressive number in this presentation is the 0.8x during the financial crisis. Not getting destroyed during bear markets has been the most difficult thing for me!

@Value-Investing 25 күн бұрын

:-) And I played with little money!

@lesleyjohnson8488 25 күн бұрын

Sven, I so appreciate how responsive you are to your viewers. Thank you so much for another amazing video ❤

@Value-Investing 25 күн бұрын

My pleasure!

@apc9714 25 күн бұрын

Whenever someone asks me about stocks and investing I send theem that buffet interview. His wisdom his absolutely incredibile

@andypicken7848 25 күн бұрын

apc9714 He really is incredible

@Value-Investing 25 күн бұрын

absolutely!

@Maxxumless 25 күн бұрын

It really is.

@fredwinslow744 24 күн бұрын

Great video Profeessor !

@ed2023bc 24 күн бұрын

97% of all people will never understand 99% of what Sven is talking about. As the comment about ZIM stock shows. That's not that bad, since more value for those who get it. Thanks for great video again!

@NickWalsh-dx7kf 25 күн бұрын

Awesome video Sven, thanks for the quality content. In a decade of watching you tube I've only liked 176 videos, this one is number 177

@Value-Investing 25 күн бұрын

Wow, thanks!

@TheScaryGermanGuy 25 күн бұрын

How do you know how many videos you have liked? Is there a way to see them?

@muruganvelsamy3291 22 күн бұрын

Super up bro.. all the best!! my money grows regardless of what happens in the market..

@Value-Investing 22 күн бұрын

Great 👍

@reign0ffire88 25 күн бұрын

Lesson I learned was never follow KZfaqr’s investments. They’ll make you poor in the long run. Learn how to invest yourself or just buy index funds.

@Value-Investing 25 күн бұрын

thanks for sharing!

@nonexistent5030 25 күн бұрын

Can you please do more about how to know when to sell? Or how to recognize "value traps?" I hate that term but i think in the information age there really is this idea that companies that get cheap are cheap for a reason and how do you know if you bought it under mistaken pretenses. I think your followers would super love this content. Thanks!

@Value-Investing 25 күн бұрын

good suggestiong!

@joeprovidefinance8137 25 күн бұрын

You have shared so much wisdom over the years. Thankful for you.

@Value-Investing 25 күн бұрын

thanks!

@pongop 23 күн бұрын

Excellent video! Thank you for sharing your lessons!

@Value-Investing 23 күн бұрын

My pleasure!

@UncleKruno 25 күн бұрын

Hvala gospodine Carlin na ovom izvrsnom videu. Potrebna je velika količina poniznosti da bi se pogledalo u ogledalo i analiziralo razloge za performanse. Želim vam puno sreće u sljedećih 20 godina ulaganja i uvijek odlične prinose. Pozdrav iz Houston-a

@Value-Investing 25 күн бұрын

hvala!!! Pozdrav u Houston!

@jkalinful 24 күн бұрын

Thank you very much for this video. I am dividend investor but getting more and more interested on value investing. And your channel is really helping me a lot. Thanx 👏👍

@ivailoruikov5558 24 күн бұрын

Congratulations, Sven 👏

@Value-Investing 22 күн бұрын

Thanks! 😃

@yohjijames1413 25 күн бұрын

Great video as always Sven. The mention of ZIM sent a shiver down my spine! I learnt my lesson the hard way on that one

@Value-Investing 25 күн бұрын

:-)

@Fath-gx9mk 24 күн бұрын

When anyone asks about psychology in investing you need to go and see “psychology of human misjudgment” a super valuable speech by Charlie munger

@AnyangU 25 күн бұрын

Good video, Thanks! It was very informative and interesting.

@Value-Investing 25 күн бұрын

Glad you enjoyed it!

@anderson6379 25 күн бұрын

Thanks for sharing your lessons, as always 🙏

@Value-Investing 25 күн бұрын

:-)

@dredoctor8271 25 күн бұрын

I always want to type an entire paragraph about all the other subjects, things I learned and got out of the videos. But always have to delete all the things I wrote out, because I am giving myself a headache in trying to explain it. I think Nassim Taleb, Kahnemann are the two who did great in describing the complexity of the subject. Taleb in a way that the unknown does not exist and with the paradox that you do need to be prepaired for it. Kahnemann on how irrational we humans are and that only a trained person can do good on the market, because the trained can be objective and "boring". If anyone finds time to read more about this topic, also read work from Morgan Housel - psychology of money and or Mark Spitznagel - the doa of capital. Sven you teached me a lot about investing, great work!

@Value-Investing 25 күн бұрын

thanks for sharing, and for the long comment :-)))

@jeremynewell9903 25 күн бұрын

This is your best video in recent years.

@Value-Investing 25 күн бұрын

glad to hear that!!!

@ajbahlam 24 күн бұрын

@@Value-Investing Don't listen to him. Other videos are also good, it's hard to pick the best one.

@griesemermd 25 күн бұрын

Great video. Thanks

@Value-Investing 25 күн бұрын

Glad you liked it!

@user-ls7ek1tp1u 25 күн бұрын

Good video, thanks!

@Value-Investing 25 күн бұрын

Glad you liked it!

@marccappelli4414 25 күн бұрын

And outstanding video on how to take FULL advantage of" stock market crashes "and not be part of the herd running in fear but instead obtaining massive returns from a stock watch list of fundamentally strong stocks which can also withstand any recession and not Go bankrupt… great job ...Marc ..NEW York

@Value-Investing 24 күн бұрын

Thanks Marc

@rduras 25 күн бұрын

It is good to be reminded about these from time to time. Hvala Sven. Btw. Which forum was that? Poslovni?

@Value-Investing 25 күн бұрын

mojnovac

@dobcsek 25 күн бұрын

Great video!

@Value-Investing 25 күн бұрын

Thanks!

@leonkowski7748 25 күн бұрын

Thanks Sven

@Value-Investing 25 күн бұрын

:-)

@AIKIDOMUSASHI 25 күн бұрын

Thank you ❣️

@Value-Investing 25 күн бұрын

Any time!

@darrensymes6902 25 күн бұрын

My gratitude to you show us thank you 🎉 i Watch most videos 📹xxxx

@Value-Investing 25 күн бұрын

Wow, thank you

@notyourtypicalpainter 25 күн бұрын

About the whole ZIM thing... It is easy to say "You missed big" in hindsight but it takes discipline to not have FOMO when you understood the risks and rewards! Also do you road bike Sven? I keep seeing bike art in the background!

@Value-Investing 25 күн бұрын

Just a little bit to keep me in shape, I do spearfishing.

@user-hr6mm5vd8o 25 күн бұрын

Outstanding videos! Can you please make a video reviewing Bristol Mayers Squibb

@Value-Investing 25 күн бұрын

thanks for suggesting!

@patrickshanghai2064 23 күн бұрын

good show.

@Value-Investing 23 күн бұрын

thanks!

@andres.1335 25 күн бұрын

great video

@Value-Investing 25 күн бұрын

Thanks!

@yiannisspanos7468 24 күн бұрын

Hey Sven, nice video, as always! Just out of curiosity: what was the trigger for the 2005 surge in Zagreb Stock Exchang? This move reminds me of the Greek stock market in 1999, some years before the adoption of Euro. Back then, a big chunck of the population was invested and as one might guess, this didn't end well.

@Value-Investing 24 күн бұрын

many European funds started investing, alongside domestic money, low volume pushed prices higher - Norwegian pension fund was buying like crazy

@pablopiquante3227 24 күн бұрын

Sven, many of my friends are dedicated index investors. Can you show your returns compared to a global index? Thanks!

@talblech 25 күн бұрын

thanks sven. can you do a video about etf? how to compound if you are not knowledgeable enough

@Value-Investing 25 күн бұрын

Berkshire - that is all you need to know!

@jirivanek7781 25 күн бұрын

Hi Sven, as Warren mentioned investing in small caps. Can you please made a video about investing in small companies and is the strategy and red flags? Thanks!

@Value-Investing 25 күн бұрын

here is one: kzfaq.info/get/bejne/Y6x-mN2KqpuaYJc.html

@jirivanek7781 24 күн бұрын

@@Value-Investing Thank you Sven!

@hrvojevukosav8632 20 күн бұрын

Your result before 2017 was almost perfect. After that X2 with more knowledge and experience was bad.

@billyjohnson9166 25 күн бұрын

Sven do you have your own fund that can be bought on the open market?

@Value-Investing 24 күн бұрын

no, I like to be independent!

@Alexander-Bunyip 25 күн бұрын

I will sleep well tonight - great advice from Dr Sven & Uncle Warren 😅

@Value-Investing 25 күн бұрын

😴

@herokorai8346 25 күн бұрын

Thank you for the video. I agree with most of your points except the part 15 minutes onwards when you emphasized looking for investments that have "no risk". That's usually the speech of people who are trying to sell. I am not saying you are one of those marketers, but I personally believe there is ALWAYS risk. The key is to buy an investment where the knowable risks are priced in. Howard Marks' memos have served as good reminders for me when it comes to risks.

@Value-Investing 25 күн бұрын

we are trying to minimize risk, or to say it in a different way - if things go wrong, we still do ok...

@herokorai8346 25 күн бұрын

@@Value-Investing Thank you for clarifying - I agree with you 100%

@minhdinh3942 25 күн бұрын

Can you do a video on pinduoduo, you are the only value investor I trust ! I think we can make more money with PDD!!!

@Value-Investing 25 күн бұрын

thanks for suggesting

@georgesamaras2922 25 күн бұрын

You should analyze KNSL

@Value-Investing 25 күн бұрын

thanks for suggesting!

@IIIlIllIllllII 26 күн бұрын

Sven, how about Charter Communications? Hedgefonds Managers seem to like it at this price.

@johnmcquaid7524 25 күн бұрын

🥉

@user-mx5te8ie3n 25 күн бұрын

What if you was invested in NDX trough this years?

@Value-Investing 24 күн бұрын

3x since 2000, 15 since 2002, ok, but hard to nail...

@ivancz8 21 күн бұрын

Great explanation. Do you think $ULTA $LULU $INTL or $DIS could be value selections in todays market?

@Value-Investing 21 күн бұрын

value is when a good to great business, that has long-term earnings potential, is trading at a low valuation due to CURRENT issues, not structural

@Slickpete83 25 күн бұрын

*what does Warren Buffet like in Canada, he said something about liking something in Canada at the last share holder meeting* ????

@Value-Investing 25 күн бұрын

one of the good countries

@Slickpete83 24 күн бұрын

@@Value-Investing *indeed a great country with an awful federal government, but which Canadian companies have the best value that Buffett might like that is the question*

@ZelenoJabko 25 күн бұрын

Sven hvala za tale video. Želim si, da bi imel denar leta 2009, ampak sem bil samo reven študent. Danes ko pa imam denar so pa vse delnice močno precenjene, biti v denarju pa si ne upam. Lepe pozdrave is Slovenije

@Value-Investing 25 күн бұрын

jaz sam tudi bil student :-)))

@lucschoonen 16 күн бұрын

Planting fruit trees will teach you everything you need to know about investing

@lucschoonen 16 күн бұрын

Nut trees will teach you even better haha

@Value-Investing 16 күн бұрын

:-)))

@andypicken7848 25 күн бұрын

"I LIKE the lac of stimulation" Absolutely fookin priceless

@Value-Investing 25 күн бұрын

:-)

@T0mkisss 25 күн бұрын

"Everyone else will be getting rich faster" - they will appear to be, because out of the 10 gamblers that started a year ago, only the 3 that got very lucky will be visible and showing off their "amazing skills". And after another year 2 of those will have gotten humbled, etc.

@Value-Investing 25 күн бұрын

that is how it goes, I still remember the marijuana stocks in 2018....where are they now

@HyperspaceHoliday 25 күн бұрын

You've been value investing for 22 years? Me too. What is your base currency?

@Value-Investing 25 күн бұрын

now the EUR

@MassimoX 25 күн бұрын

new clothing, finally!

@frstchan 25 күн бұрын

Isnt it just because you managed to invest in the greatest bull market in history where more or less everything went up in value?

@Value-Investing 25 күн бұрын

nobody was investing when I was investing, not my fault it went up. Plus, what I owned would had gone up anyways.

@billcarruth8122 25 күн бұрын

Investing is when you stop thinking about the stock market in terms of buying and selling things that go up and down. Investing is becoming a fractional owner of a business. The market is just a means to an end. As Buffet has said, once he had fully owned See's Candies the companies stock price didn't even exist, and he couldn't have cared less what other people valued his stocks at. He cared about selling candy.

@Value-Investing 25 күн бұрын

that is about it!

@-Hussainnn 25 күн бұрын

Show us your portfolio

@Value-Investing 25 күн бұрын

you have it on my platform

@ip400 25 күн бұрын

Hi Sven, have you ever considered to do videos in Croatian league? I guess a lot of people from this region would benefit a lot from your videos in Croatian. My impression is that the majotity is still stuck in socialistic mindset. Pozdrav

@Value-Investing 25 күн бұрын

I don't think the mindset is the right one for me, it is a nation of gamblers....

@ip400 25 күн бұрын

@@Value-Investing I was thinking, this makes your videos even more important, but I get your point. Gamblers don't watch your videos anyway.

@kloppskop4149 26 күн бұрын

had me at Macron blah blah blah 😂

@mikkelhansen3714 25 күн бұрын

Also what Powell has for breakfast and how he farts haha

@Value-Investing 25 күн бұрын

:-)

@Ravencroft81 25 күн бұрын

"No one can beat the market all the time" at least not all the time, is a false statement? I read the outperforming stocks don't follow a Gauss curve: 39% of stocks lost money over that 24-year period. 19% of stocks lost more than 75% of their value. 64% of stocks underperformed the index (got beat by the market) 36% of stocks outperformed the index (beat the market) 18% of stocks outperformed the index by 100% or more 6% of stocks outperformed the index by 500% or more You are able to beat the market consistently because besides value investing rules, you don't have to move billions like fundmanagers?

@Value-Investing 25 күн бұрын

I don't even try to beat the market, I just invest so that I do fine for myself. THat is it!

@johnmcquaid7524 26 күн бұрын

Commission free trades definitely have an effect on my investment strategy. I definitely invest longer term (I almost forget about the Brk.b shares I own) if commissions are involved. My commission free accounts are definitely more active trading & I have to convince myself to not sell for the next stock rumour. 🥈 Great video to start the weekend! Thank-you. 🇨🇦

@theWebWizrd 25 күн бұрын

Your trades are never truly comission free. As far as I understand, most platforms that do not charge comissions (like Robinhood) sell access to their trades to brokers so that the brokers can buy then sell to you at a slightly higher price. That's the hidden comission that you lose on every trade. Either way, better to just always imagine a big cost to buying a stock. Warren Buffet has famously said that people would be way better off as investors if they invested as if they only had ten investments they were allowed to do in their lifetime. Once you play as if every trade costs you one of ten lifetime tickets, you will spend way more time and care on each business.

@johnmcquaid7524 25 күн бұрын

@@theWebWizrd .. in the mid-1990’s, I had to phone (office phone) our trading floor (two floors above me 🇨🇦) and verbally order stock for an employee discount commission that probably cost $45 CDN to buy 200 shares of a company name I can’t even recall. I now typically bid on investments (not market price). If the Canadian commission free brokerage makes money, I am quite happy with that arrangement. I’ve held only Brk.b longterm; some days I am tempted to only hold two investments (🇺🇸: Brk.b & 🇨🇦: FFH or FRFHF). I have a few shares of about 20 stocks that I use to track investment opportunities; but, really only invest heavily in 7 stocks. I still have 3 tickets to punch; but, they will have to be quite an opportunity for me to invest. Mr. Buffett .. I’ve been a fan since late 1990’s .. I can’t say anything that hasn’t been said before. This channel does remind us to watch Mr. Buffett’s actions; not his words.

@johnmcquaid7524 25 күн бұрын

🥈

@Value-Investing 25 күн бұрын

thanks for sharing!